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Marcel van Oost

Bolt's Founder Comeback: High Costs and Investor Backlash

Bolt's Founder Comeback: High Costs and Investor Backlash

Hey Payments Fanatic! Investors in Bolt are expressing concerns over the costly terms of Ryan Breslow's potential return as CEO. Breslow, who co-founded Bolt and left in 2022, would receive a $2 million bonus and $1 million in back pay, along with $750,000 in reimbursed expenses.

PayPal and Adyen Expand Partnership to Launch Fastlane in the U.S.

PayPal and Adyen Expand Partnership to Launch Fastlane in the U.S.

Hey Payments Fanatic! PayPal announced that it is expanding its strategic partnership with Adyen, becoming the first distribution partner to offer Fastlane in the U.S. Within the expanded partnership, Adyen will offer Fastlane by PayPal to accelerate guest checkout flows for its enterprise and marketplace customers in the U.

iPhone Tap-to-Pay with USDC Coming Soon as Apple Opens Up NFC Technology

iPhone Tap-to-Pay with USDC Coming Soon as Apple Opens Up NFC Technology

Hey Payments Fanatic! iPhone users will soon be able to pay with USDC by tapping their device as Apple opens up development on its smartphone's secure payment chips to third-party developers. Circle CEO Jeremy Allaire recently took to X to share the news, stating, “Tap to pay

UK FinTech Curve Intents to Join Apple’s Newly Opened NFC Ecosystem

UK FinTech Curve Intents to Join Apple’s Newly Opened NFC Ecosystem

Hey Payments Fanatic! Apple has recently announced plans to open its NFC ecosystem to third-party payment providers, signaling a significant change in its traditionally closed approach. In light of this, UK-based FinTech company Curve has declared its intention to join Apple’s platform. Curve CEO and founder Shachar

Adyen Exceeds Profit Expectations with Strategic Expansion

Adyen Exceeds Profit Expectations with Strategic Expansion

Hey Payments Fanatic! Payments giant Adyen has outperformed expectations with a 32% rise in core profit to €423.1 million for the first half of 2024, surpassing analysts' forecasts of €413.39 million. This strong performance, driven by market share gains and slower hiring, boosted Adyen's shares

Apple Finally Opens iPhone NFC to Third-Party Developers – But There's a Catch

Apple Finally Opens iPhone NFC to Third-Party Developers – But There's a Catch

Hey Payments Fanatic! Apple has announced plans to open up its iPhone tap-to-pay NFC (Near Field Communication) capabilities to third-party developers, signaling a significant shift in the company's approach to mobile payments. This move comes amid increasing regulatory scrutiny, particularly in Europe, where Apple has

Apple’s Fee Forces Patreon to Revamp iOS Billing Models

Apple’s Fee Forces Patreon to Revamp iOS Billing Models

Hey Payments Fanatic! Big changes are coming for Patreon creators on iOS as the platform will discontinue certain billing models by 2025 to comply with Apple's subscription requirements. Patreon announced it must switch to Apple’s in-app purchase system for all iOS transactions or risk removal from